Why Apply for a Foreign Exchange Platform for Cryptocurrency?

Cryptocurrency enthusiasts often turn to foreign exchange platforms to access a wider range of trading pairs, competitive fees, and advanced trading tools that may not be available on local exchanges. Additionally, foreign platforms like BYBIT offer features such as higher liquidity, global market insights, and innovative options like leverage trading, futures, or perpetual contracts. For those seeking greater opportunities in the crypto world, a foreign exchange platform can provide the diversity and flexibility needed to optimize their trading strategies.

Bybit Introduction

Bybit is a cryptocurrency exchange established in March 2018, headquartered in Dubai, United Arab Emirates. As of November 2024, it ranks as the world’s second-largest cryptocurrency exchange.

Key Features of Bybit:

• Global Reach: Serving over 50 million users across more than 195 countries and regions. 
• Diverse Product Offerings: Provides cryptocurrency trading, passive income products, an NFT marketplace, a token issuance platform, and institutional services. 
• Advanced Trading Tools: Offers features like the Unified Trading Account (UTA), which simplifies the trading experience by allowing users to manage various trading activities within a single account. 
• Security and Transparency: Emphasizes user security with measures such as Proof of Reserves, providing real-time transparency of asset holdings.

Recent Developments:

• Expansion: In 2024, Bybit opened its first European office in the Netherlands and became a partner in the DMCC ecosystem.
• User Growth: Bybit’s global registered users surpassed 50 million, reflecting its rapid expansion and popularity among cryptocurrency enthusiasts. 

Bybit continues to innovate and expand its services, aiming to provide a comprehensive and user-friendly platform for cryptocurrency trading and investment.

Bybit Regestraion

Sign up for a Bybit account and get 20$ Plus, claim up to 6,045 USDT bonus. https://www.bybit.com/invite?ref=LQAVBND
or Referral Code: LQAVBND

List of service-restricted regions:

• United States
• Mainland China
• Singapore
• United Kingdom
• Canada
• North Korea
• Cuba
• Iran
• Uzbekistan
• Syria
• Hong Kong
• France
• Sevastopol
• Sudan
• Russian-controlled regions of Ukraine (including Crimea, Donetsk, and Luhansk)

These regions are restricted from accessing Bybit services.

Process for registering an account on Bybit

1. Visit Bybit’s Official Website or Download the App
   • Go to the Bybit website or download the Bybit app from the Apple App Store or Google Play Store.
2. Choose a Registration Method
   You can register using an email address or a phone number.
   • Using Email:
     • Enter your email address and set a password on the registration page.
     • Agree to Bybit’s terms of service and privacy policy.
     • Click the “Create Account” button.
     • Complete the CAPTCHA verification.
     • Enter the verification code sent to your email to finish registration.
   • Using Phone Number:
     • Select your country code, enter your phone number, and set a password.
     • Agree to Bybit’s terms of service and privacy policy.
     • Click the “Create Account” button.
     • Complete the CAPTCHA verification.
     • Enter the SMS verification code sent to your phone to complete the registration.
3. Complete Identity Verification (KYC)
   After registering, it’s recommended to complete identity verification for enhanced account security and access to additional features.
   • Level 1 Verification:
     • Provide your nationality, name, and upload valid ID documents (e.g., passport, driver’s license, or national ID card).
     • Perform facial recognition verification.
   • Level 2 Verification:
     • Submit proof of address, such as a utility bill or bank statement issued within the last three months.
   Completing KYC will increase your daily withdrawal limit.
4. Set Up Two-Factor Authentication (2FA)
   To secure your account, enable 2FA:
   • Download the Google Authenticator app.
   • Go to your Bybit account settings and select “Bind Google Authenticator.”
   • Scan the QR code or manually enter the key provided by Bybit.
   • Enter the six-digit code generated by the app to complete the setup.

Note: Bybit does not provide services in certain restricted countries or regions. Check the list of restricted areas before registering.

After completing these steps, your account will be ready for trading and investment activities on the Bybit platform.

2024.10.20 updated

Today I got my Bybit card in the parcel forwarding address in Germany.

Sign up for Tiptrans shipping service

have to wait about a month to get home.:-)